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Thailand Industry November 2016

Thailand: Manufacturing production grows at multi-year high in November

December 30, 2016

In November, manufacturing production in Thailand increased 3.8% from the same month of the previous year, which was a strong acceleration from the flat reading seen in October and the best result in over three years. Several categories recorded robust expansions, with rubber and rubber-related products and metal manufacturing contributing particularly well to the overall result.

On a monthly basis, manufacturing output increased a seasonally-adjusted 2.1% in November, which was up from the timid 0.2% expansion observed in October. Finally, annual average growth in manufacturing production was 0.5% in November, exceeding October’s 0.2% rise.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 2.0%, in 2017, which is down 0.3 percentage points from last month’s estimate. For 2018, the panel also expects manufacturing to increase 3.1%.